Data / Crowdfunding / New York / Precycle, LLC
Precycle, LLC: crowdfunding raise on Honeycomb Portal LLC, $60,000 to $124,000 (2023)
Precycle, LLC, a limited liability company in Brooklyn, NY, filed a Form C with the SEC on November 24, 2023 to raise $60,000 to $124,000 in debt through Honeycomb Portal LLC. The offering closed on January 8, 2024. In its most recent fiscal year it reported $542,716 in revenue and a net loss of $78,865, with 6 employees.
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- Website
- www.precyclenyc.com
- Funding portal
- Honeycomb Portal LLC
- Address
- 321 STARR STREET SPACE H, Brooklyn, NY 11237
- Legal form
- Limited Liability Company
- Jurisdiction
- NY
- Incorporated
- December 9, 2018
- SEC CIK
- 0002001793
Offering terms
From the offering filed November 24, 2023.
- Security
- Debt
- Price
- $1.00
- Target
- $60,000
- Maximum
- $124,000
- Deadline
- January 8, 2024
- Portal compensation
- Applied at marginal rate based upon amount of total offering: up to$50,000 = 8.0%, $50,001 - $100,000 = 7.0%, $100,001+ = 6.0%. $250 posting fee. 2.85% investment fee capped at $37.25.
Financials
From the Form C-U filed February 8, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $542,716 | $498,297 | sec.gov |
| Cost of goods sold | $280,111 | $250,610 | sec.gov |
| Net income | $-78,865 | $-29,144 | sec.gov |
| Taxes paid | $0 | $0 | sec.gov |
| Total assets | $155,957 | $1,030,028 | sec.gov |
| Cash | $152,582 | $99,653 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $360,471 | $213,467 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| February 8, 2024 | Progress update | $60,000 | $124,000 | January 8, 2024 | Total raised $97.681 | sec.gov |
| November 24, 2023 | Offering | $60,000 | $124,000 | January 8, 2024 | sec.gov |
Updated February 8, 2024. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.